Glanbia Plc Adr Stock Market Value
| GLAPY Stock | USD 94.75 10.75 12.80% |
| Symbol | Glanbia |
Glanbia PLC 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to Glanbia PLC's pink sheet what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of Glanbia PLC.
| 03/20/2024 |
| 04/19/2024 |
If you would invest 0.00 in Glanbia PLC on March 20, 2024 and sell it all today you would earn a total of 0.00 from holding Glanbia PLC ADR or generate 0.0% return on investment in Glanbia PLC over 30 days. Glanbia PLC is related to or competes with Kellanova, Lancaster Colony, A2 Milk, Artisan Consumer, General Mills, and Campbell Soup. The company manufactures and sells sports nutrition and lifestyle nutrition products in various formats, including powde... More
Glanbia PLC Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure Glanbia PLC's pink sheet current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess Glanbia PLC ADR upside and downside potential and time the market with a certain degree of confidence.
| Information Ratio | 0.0843 | |||
| Maximum Drawdown | 12.8 | |||
| Potential Upside | 1.06 |
Glanbia PLC Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for Glanbia PLC's investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as Glanbia PLC's standard deviation. In reality, there are many statistical measures that can use Glanbia PLC historical prices to predict the future Glanbia PLC's volatility.| Risk Adjusted Performance | 0.0834 | |||
| Jensen Alpha | 0.2444 | |||
| Total Risk Alpha | 0.0407 | |||
| Treynor Ratio | (0.28) |
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Glanbia PLC's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
Glanbia PLC ADR Backtested Returns
Glanbia PLC appears to be very steady, given 3 months investment horizon. Glanbia PLC ADR holds Efficiency (Sharpe) Ratio of 0.11, which attests that the entity had a 0.11% return per unit of standard deviation over the last 3 months. We have found twenty technical indicators for Glanbia PLC ADR, which you can use to evaluate the volatility of the firm. Please utilize Glanbia PLC's market risk adjusted performance of (0.27), and Risk Adjusted Performance of 0.0834 to validate if our risk estimates are consistent with your expectations. On a scale of 0 to 100, Glanbia PLC holds a performance score of 8. The company retains a Market Volatility (i.e., Beta) of -0.73, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Glanbia PLC are expected to decrease at a much lower rate. During the bear market, Glanbia PLC is likely to outperform the market. Please check Glanbia PLC's risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and daily balance of power , to make a quick decision on whether Glanbia PLC's current trending patterns will revert.
Auto-correlation | 0.35 |
Below average predictability
Glanbia PLC ADR has below average predictability. Overlapping area represents the amount of predictability between Glanbia PLC time series from 20th of March 2024 to 4th of April 2024 and 4th of April 2024 to 19th of April 2024. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Glanbia PLC ADR price movement. The serial correlation of 0.35 indicates that nearly 35.0% of current Glanbia PLC price fluctuation can be explain by its past prices.
| Correlation Coefficient | 0.35 | |
| Spearman Rank Test | 1.0 | |
| Residual Average | 0.0 | |
| Price Variance | 28.65 |
Glanbia PLC ADR lagged returns against current returns
Autocorrelation, which is Glanbia PLC pink sheet's lagged correlation, explains the relationship between observations of its time series of returns over different periods of time. The observations are said to be independent if autocorrelation is zero. Autocorrelation is calculated as a function of mean and variance and can have practical application in predicting Glanbia PLC's pink sheet expected returns. We can calculate the autocorrelation of Glanbia PLC returns to help us make a trade decision. For example, suppose you find that Glanbia PLC has exhibited high autocorrelation historically, and you observe that the pink sheet is moving up for the past few days. In that case, you can expect the price movement to match the lagging time series.
Current and Lagged Values |
| Timeline |
Glanbia PLC regressed lagged prices vs. current prices
Serial correlation can be approximated by using the Durbin-Watson (DW) test. The correlation can be either positive or negative. If Glanbia PLC pink sheet is displaying a positive serial correlation, investors will expect a positive pattern to continue. However, if Glanbia PLC pink sheet is observed to have a negative serial correlation, investors will generally project negative sentiment on having a locked-in long position in Glanbia PLC pink sheet over time.
Current vs Lagged Prices |
| Timeline |
Glanbia PLC Lagged Returns
When evaluating Glanbia PLC's market value, investors can use the concept of autocorrelation to see how much of an impact past prices of Glanbia PLC pink sheet have on its future price. Glanbia PLC autocorrelation represents the degree of similarity between a given time horizon and a lagged version of the same horizon over the previous time interval. In other words, Glanbia PLC autocorrelation shows the relationship between Glanbia PLC pink sheet current value and its past values and can show if there is a momentum factor associated with investing in Glanbia PLC ADR.
Regressed Prices |
| Timeline |
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Complementary Tools for Glanbia Pink Sheet analysis
When running Glanbia PLC's price analysis, check to measure Glanbia PLC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Glanbia PLC is operating at the current time. Most of Glanbia PLC's value examination focuses on studying past and present price action to predict the probability of Glanbia PLC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Glanbia PLC's price. Additionally, you may evaluate how the addition of Glanbia PLC to your portfolios can decrease your overall portfolio volatility.
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Glanbia PLC technical pink sheet analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, pink sheet market cycles, or different charting patterns.